Soybean export sales for the 2020/21 marketing year of 922.3 thousand metric tons (TMT) were 353 TMT over last week’s total and 20 percent above the four-week average of 769 TMT. There were 94 TMT in sales recorded for the 2021/22 crop season, lifting total sales to 1,016.3 TMT. Combined crop year sales were 38 percent over last week’s total and exceeded analyst estimates that ranged from 200 to 900 TMT. 2020/21 export commitments are 90 percent of the USDA forecast. Export sales are 89 percent above the 2019/20 crop year pace. Major purchases were reported for Indonesia, China, and Mexico.
Soybean meal sales for the 2020/21 marketing year of 261.2 TMT were 98 TMT above last week and 61 percent over the prior four-week average of 162 TMT. There were no sales for the 2021/22 crop seasons, leaving total sales at 261.2 TMT. Combined crop year…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...